What is Westinghouse Air Brake Technologies Corp worth?
With the base-case assumptions below, a discounted cash flow model on Westinghouse Air Brake Technologies Corp's reported free cash flow gives $158.23 per share. The share price was $302.09 on November 10, 2026, 91% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 3.0% | 10.0% | $83.82 | -72% |
| Base | 8.0% | 9.0% | $158.23 | -48% |
| Bull | 13.0% | 8.0% | $297.09 | -2% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $212.45 | $229.09 | $249.43 | $274.85 | $307.53 |
| 8.0% | $171.92 | $182.71 | $195.47 | $210.77 | $229.47 |
| 9.0% | $142.34 | $149.71 | $158.23 | $168.16 | $179.90 |
| 10.0% | $119.82 | $125.07 | $131.02 | $137.81 | $145.65 |
| 11.0% | $102.14 | $105.99 | $110.29 | $115.12 | $120.60 |
Where the presets come from
Base: years 1 to 5 grow at Westinghouse Air Brake Technologies Corp's revenue growth rate over the last 5 fiscal years (8.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions